During the week ending September 30, average prices of steel plate in the Chinese domestic market have fluctuated within a limited range, seeing declines in Shanghai and Lecong, indicating rises in Tianjin, while transaction activity in the overall steel plate market has been at low-to-medium levels. Average steel plate prices in China are presented in the table below.
|
Product name |
Specification |
Category |
Average Price (RMB/mt) |
Weekly change (RMB/mt) |
Price ($/mt) |
Weekly change ($/mt) |
|
Common carbon medium plate |
20 mm |
Q235 |
3,773 |
-3 |
533 |
-1 |
|
Low alloy medium plate |
20 mm |
Q345 |
3,905 |
+10 |
552 |
+2 |
|
Shipbuilding plate |
20 mm |
CCS A/B |
4,433 |
-10 |
627 |
-1 |
13 percent VAT is included in all prices and all prices are ex-warehouse.
During the given week, some players exited the market on September 27, resulting in low transaction activities. Both supply and demand have shown weak trends. Traders have been seeking to sell in order to decrease inventory levels and avoid potential risks. It is thought that domestic steel plate prices will likely move sideways in the coming period.
$1 = RMB 7.073